5 Best Gold Dividend Stocks To Buy Now

3. Barrick Gold Corp (NYSE:GOLD)

Number of Hedge Fund Investors: 36

Ranking 3rd in our list of the best gold dividend stocks is copper and gold mining company Barrick Gold Corp (NYSE:GOLD). In November, the Barrick Gold Corp (NYSE:GOLD) posted Q3 results. Adjusted EPS in the period came in at $0.24, beating estimates by $0.04. Revenue in the quarter jumped 13% year over year to $2.86 billion.

In the Q3 earnings call, the Barrick Gold Corp’s (NYSE:GOLD) management talked about pipeline projects:

Across the U.S., our teams are hunting for and securing significant early stage opportunities to feed into our project pipeline. In Western Nevada, Phase 1 drilling has been completed at Pearl Stream with Phase 2 scheduled to start soon. Further north, at the advanced Donnan project in Alaska, which boasts a very large resource, we are progressing key work streams to continue moving it up the value curve as detailed in this slide. And in Canada, fieldwork was successfully conducted on three properties, building confidence and advancing each project towards testing priority target concepts. We move now to Latin America and the Asia Pacific region, where we have been expanding our exploration portfolio. The main focus, however, has been, as I mentioned in the introduction, on the ramp up of the expanded Pablo Viejo Mine and the updating of the RekoDiq.

At the time of the merger, the Tier 1 Pueblo Viejo asset was destined to stop mining this year and processing by 2030, constrained as it was by low grades and a lack of tailings capacity. A visionary expansion project has unlocked to optimize 20,000,000 ounces of reserves, extending the mine’s life well beyond 2040 at an average annual production rate in excess of 800,000 ounces. A project of this size always comes with risks and challenges.

Read the full earnings call transcript here.